Luxottica Group SpA (Luxottica Group SpA) Days Inventory : 89.96 (As of Jun. 2018)

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What is Luxottica Group SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Luxottica Group SpA's Average Total Inventories for the six months ended in Jun. 2018 was $978 Mil. Luxottica Group SpA's Cost of Goods Sold for the six months ended in Jun. 2018 was $1,985 Mil. Hence, Luxottica Group SpA's Days Inventory for the six months ended in Jun. 2018 was 89.96.

The historical rank and industry rank for Luxottica Group SpA's Days Inventory or its related term are showing as below:

LUXTY's Days Inventory is not ranked ^*
in the Retail - Cyclical industry.
Industry Median: 110.7
* Ranked among companies with meaningful Days Inventory only.

Luxottica Group SpA's Days Inventory increased from Jun. 2017 (86.51) to Jun. 2018 (89.96). It might indicate that Luxottica Group SpA's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Luxottica Group SpA's Inventory Turnover for the six months ended in Jun. 2018 was 2.03.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Luxottica Group SpA's Inventory-to-Revenue for the six months ended in Jun. 2018 was 0.18.

Luxottica Group SpA Days Inventory Historical Data

The historical data trend for Luxottica Group SpA's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Luxottica Group SpA Days Inventory Chart

Luxottica Group SpA Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Days Inventory

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101.02

106.67

106.70

96.32

86.21

Luxottica Group SpA Semi-Annual Data
	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18
Days Inventory	Get a 7-Day Free Trial															88.48	101.67	86.51	92.33	89.96

Competitive Comparison of Luxottica Group SpA's Days Inventory

For the Apparel Retail subindustry, Luxottica Group SpA's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Luxottica Group SpA's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Luxottica Group SpA's Days Inventory distribution charts can be found below:

* The bar in red indicates where Luxottica Group SpA's Days Inventory falls into.

Luxottica Group SpA Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Luxottica Group SpA's Days Inventory for the fiscal year that ended in Dec. 2017 is calculated as

	Days Inventory (A: Dec. 2017 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2016 )	+	Total Inventories (A: Dec. 2017 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2017 )	*	Days in Period
=	( (942.481	+	984.082)	/	2 )	/	4078.274	*	365
=	963.2815					/	4078.274	*	365
=	86.21

Luxottica Group SpA's Days Inventory for the quarter that ended in Jun. 2018 is calculated as:

	Days Inventory (Q: Jun. 2018 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2017 )	+	Total Inventories (Q: Jun. 2018 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2018 )	*	Days in Period
=	( (984.082	+	972.438)	/	2 )	/	1984.505	*	365 / 2
=	978.26					/	1984.505	*	365 / 2
=	89.96

Luxottica Group SpA (OTCPK:LUXTY) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Luxottica Group SpA's Inventory Turnover for the six months ended in Jun. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1984.505	/	978.26
	=	2.03

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Luxottica Group SpA's Inventory to Revenue for the six months ended in Jun. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	978.26	/	5318.396
	=	0.18

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Luxottica Group SpA Days Inventory Related Terms

Thank you for viewing the detailed overview of Luxottica Group SpA's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Luxottica Group SpA (Luxottica Group SpA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Luxottica Group SpA (OTCPK:LUXTY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Piazzale L. Cadorna, 3, Milan, ITA, 20123

Website

http://www.luxottica.com

Luxottica designs, manufactures, and distributes high-quality prescription eyewear, frames and sunglasses. The company markets owned brands, including Ray-Ban, Oakley, Revo, and Arnette, as well as licensed brands, including Coach, Prada, Kors, and Polo Ralph Lauren. Luxottica is North America's largest eyewear retailer, with over 4,600 stores, through its Sunglass Hut, LensCrafters, Pearle Vision, Target Optical, and Ilori brands. The company also operates retail chains in Asia, Australia, South America, and Israel, totalling over 7,000 doors.

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